Silicon Valley Bank was a prominent financial institution that provided banking and financial services to the technology and venture capital industries. In general, the collapse of a major financial institution could potentially contribute to a recession. When a large financial institution fails, it can trigger a chain reaction that affects other banks, financial markets, and the economy as a whole. It can lead to a loss of confidence in the financial system and cause a credit crunch, which can make it more difficult for businesses and individuals to access credit and capital. That being said, it's important to note that the likelihood of a recession is influenced by many factors, including economic trends, government policies, and global events, among other things. While the collapse of a major financial institution can have negative consequences, it's not necessarily a guarantee that a recession will occur. You need to think differently. I started thinking ahead back in the beginning of 2023. Fear is a disrupter. Time to think smart. You need to think how do I survive. Make your time more effective and efficient. You have several tools to help. You need to do More calling, texting, emailing and using social media! Try mycity.com. We research data for you (if we don’t already have it) Just give me a call/email: Bob Friedental Owner: mycity.com 310-736-5787 Mobile bob@mycity.com .
